Recent content by WklyOptions

xNick, Panic! is correct - the answer does depend on greater details of your strategy. However - if it is truly a 30-min to 5-hr single day trading strategy, then the primary choice is dependent on how far out your Expected Move or Expected Target is from your Entry Price. For example - if...

Hi, Alexm111, You need to contact your FX Options desk and get their actual FX Options Specification Sheet(s). And these should give you the precise definitions and terms for the FX Options syntax you described above. If they don't support that - EXIT that dealer and change to an...

Hi, SbradFX, Having done literally 100s of back-tests myself - it seems that having a Draw-Down on Open FX Trades of 200 pips - "on average" - seems to indicate there is an opportunity for you to identify a better Entry or Setup set of scenarios (?). :unsure: On most (if not all) of my setups...

Hi, bufordarning, WinALLTrades, Unfortunately the numerous Threads and Posts on all types of daytrading - for stocks, futures, FX, Options - are scattered across the T2W plains! :eek: Perhaps you can just start your own Daytrading Thread - either in the Stocks or Futures or FX Threads -...

Broker clarification Hi oprookie, What broker is saying is that you should exit via selling b/c SPX may move away from Profit zone. And that is true. My comments were meant to answer the scenario where spread held to Expiry and remaining In The Money (ITM). If you did nothing into Expiry and...

Good stock Brokers Hi QBurg, In the USA, there are several good broker-dealer firms for stock trading. Each has different minimum trade fees, minimum Account balance, etc. A. ThinkOrSwim - not the cheapest but one of the best trading, scanning, and research platforms available. B...

SPX = cash settled Hi oprookie, Welcome to T2W and to the fantastic Options Trading Game! SPX Options are cash settled - so really no need to do anything w the ITM debit call vertical spread. Just be sure you know how much your broker will charge for ITM settlement and also assignment fees...

Most > 95% do Trading backwards... Hi FI, I see that you are quite busy and put up tons of Posts. However, your Posts 1 & 2 above are very good, and accurately summarize the High Performance Mindset challenges. Unfortunately > 95% don't have the proper Mindset training and conditioning to...

Hi TWA, Forgot to add ----> great Call Sign! Now time to see if you can FOCUS and COMMIT per your Call Sign! WklyOptions

Minimum Requirements For Trading Success Long-Term Hi TWA, Welcome to T2W! Good place to do research and ask questions. Some very good AND helpful Traders here. As you are starting out and beginning your research into the Trading career pathways, let me highlight and alert you to some...

Betting Schedules Hi Foroom, Whenever discussing betting schedules, it is also important to share what is the Avg EXPECTED Reward vs Risk ratio. For example, if initial bet is 0.2% of Account Equity, what is the Avg profit size? Suppose it's (+2R) - then the Avg Profit is (+0.4%). If you...

Understanding principle of "Fair Exchange of Value" rjs1956, Good question. And tomorton posts have good answers. I'd like to add (& possibly introduce to newbies) that there is a very important principle of Wealth Building - it is the principle of "Fair Exchange of Value" (FEV). A good...

Good post - aamarx - Post #10 --> MUST Chg Habits 1st! aamarx, V good post #10 above! Consistent profit-ABILITY is composed primarily of 60+% trained conditioned FOCUSED CONCENTRATED High Performance Paradigms (programmed habituated behaviors from Subconscious)... ... 30% Money Management...

Options IV %ile vs Strategies MFJones, Nice opening thinking on your Trading Plan (s). It's nice to see some critical thinking applied to the Trading Game! Just a few basic guidelines for you to consider in your Options Strategies: A. Keep it simple. Trend following = proven approach esp if...

Ivolatility.com Hi MFJones, Many broker platforms like ThinkOrSwim, TradeStation, etc, often have Implied Volatility as an indicator. Alternatively, go to Ivolatility.com and register. Then go to Basic Options. Enter symbol. Will see IV, and HV and %ile Rankings also. Good trading to you...